Jack Orange

private investor

[MastersInvest.com @mastersinvest]

2025 Reading ... so far

From Walsh to Buffett to Birkenstock — lessons in leadership, resilience, risk, and reinvention.

One outlier — and a quiet standout — was Robert Henri’s The Art Spirit. It’s not a business book, but a meditation on creativity, attention, and discipline. The lessons apply far beyond painting — a reminder that craft and mindset matter in any field.

Top row = standouts.

Picture shows order of preference/enjoyment.

[Jack Orange @jackorange1050]

@VariantMkt Robert Lee at Anseres (former Himalaya) and Tim Liu (former Third Point)

[Jack Orange @jackorange1050]

@mastersinvest What are some of your all-time favorite books?

[Jack Orange @jackorange1050]

@bucketshopcap What do you think makes him good at investing?

[HF Reflections @hfreflection]

Lots of good stuff here. It’s exceptionally difficult to build a fund that has sustained excellent performance over many years. I’d argue passionate founder who loves investing + retains / grooms talent + doesn’t want an empire helps a lot.

[AReviewOrTwo @AReviewOrTwo1]

A great manager who I came across once, kept the team small, fund small(ish) all to ensure that he could underwrite each position himself independently of the analyst. The fund was a size that the team would do well if the performance was good. But he knew that if he grew too much, what made the performance good would be jeopardised.

[Brandon Beylo @marketplunger1]

I met one of the best investors I know by chance after Googling "Hedge funds in my area."

He's compounded at 18%+ for 25+ years.

He buys one stock a year, maybe.

Most of the time he just reads.

Here's an email he sent me on price, value, and waiting to buy.

[Dylan O'Sullivan @DylanoA4]

Bertrand Russell, go for a walk

[Kevin Carpenter @kejca]

Charlie Munger: "If all you succeed in doing in your life is to get rich early from passive holding of little bits of paper — [to] get better and better at only that for all your life — it's a failed life."

"Life is more than being shrewd at passive wealth accumulation."

[Jack Orange @jackorange1050]

@hfreflection Any managers you recommend?

[Jack Orange @jackorange1050]

@hfreflection I agree, great points. I’ve noticed that the large asset gatherers have been disappointing. The best ones for me have been under the radar funds

[Jack Orange @jackorange1050]

@hfreflection What advice would you give to LPs who want to find the great public equity managers?

[Jack Orange @jackorange1050]

@turtlebay_io @BuffDawg99 @psyopcapital @Larryjamieson_ @brettgardner_10 Thanks. What are some of the few but important points that he has written about?

[Jack Orange @jackorange1050]

@Hollandpar91513 @investingdpark @DellAnnaLuca Quite the contrary. He’s beating the index while holding massive amounts of cash